Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Expands By 28.4%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 383,681 shares, an increase of 28.4% from the January 15th total of 298,866 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 373,607 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 373,607 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Technology ETF

Several large investors have recently added to or reduced their stakes in RSPT. Horizon Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the third quarter valued at $48,608,000. JPMorgan Chase & Co. grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 160.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,125 shares of the company’s stock worth $59,177,000 after buying an additional 893,554 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after purchasing an additional 296,259 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 24.5% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 1,392,499 shares of the company’s stock worth $62,078,000 after buying an additional 274,166 shares during the period. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 3,978.0% during the second quarter. Laurel Wealth Advisors LLC now owns 266,498 shares of the company’s stock worth $10,868,000 after purchasing an additional 259,963 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Invesco S&P 500 Equal Weight Technology ETF stock traded up $0.71 during mid-day trading on Monday, reaching $47.16. The stock had a trading volume of 327,036 shares, compared to its average volume of 362,051. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26. The company has a 50-day moving average price of $46.71 and a two-hundred day moving average price of $44.77. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $28.52 and a one year high of $48.96.

About Invesco S&P 500 Equal Weight Technology ETF

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.